Dropping The 52 Week Low, Pan American Silver Corp. (Nasdaq:PAAS) Finishing At $10.91

PAAS
PAAS

Pan American Silver Corp. (Nasdaq:PAAS)

May 17th, 2019

Amidst falling markets Pan American Silver Corp. closed the day up $0.07 Friday which equals a 0.65% jump, closing at $10.91. Despite ending the day higher, Pan American Silver Corp. hit a new 52 week low of $10.71, breaking the previous low of $10.72 from earlier this month. Two technical ‘scores’ for companies to be aware of are the Altman Z1 and the Piotroski2 scores. PAAS scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is 1.53, and the Piotroski Score is 2).

PAAS outperformed the rest of the Materials sector which went down -0.50% today.

Analysis results from 9 analysts indicates that Pan American Silver Corp. could increase significantly (66.05%), while Finbox has calculated (with very high uncertainty) a fair value price of $12.22.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.48%), while the Industrials sector saw the biggest drop (-1.10%). Information Technology has seen the biggest year-to-date gain of 22.31%.

Utilities saw the biggest turnaround compared to its 5-day performance (2.42%), as it went up by 0.48%. Energy and Materials experienced turn arounds from their five day positive performances with Energy dropping -1.05%.

Sector Breakdown

  • Utilities, up 0.48%.
  • Real Estate, down -0.17%.
  • Healthcare, down -0.17%.
  • Consumer Staples, down -0.19%.
  • Communication Services, down -0.48%.
  • Materials, down -0.50%.
  • Financials, down -0.60%.
  • Consumer Discretionary, down -0.80%.
  • Information Technology, down -0.82%.
  • Energy, down -1.05%.
  • Industrials, down -1.10%.

Pan American Silver Corp. Info

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, La Arena, Shahuindo, San Vicente, Manantial Espejo, and Timmins mines. Pan American Silver Corp. was founded in 1979 and is headquartered in Vancouver, Canada.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Pan American Silver Corp.’s score is 1.53) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Pan American Silver Corp.’s score is 2), and 9 is the best.

PAAS daily update
PAAS daily update

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